I was never able to grab the book cuts in the first place, so I am really looking forward to this. I actually really liked the first LOTR movie, the pacing, the music, the setting.... a nearly perfect movie, except for that arwen nonsense (I hadn't read the books, but I could tell this was Hollywood). 2 & 3 had their moments, but they kinda lost the feeling for me. But I'd be excited to see them edited closer to the books and graded properly.
Phillock, is there any chance of you doing Pay-In-Forward to Germany, when you are done?